John Mbadi Stories
The correction comes amid increased monitoring of Kenya’s public finances, with legislators keen on ensuring budget transparency and fiscal discipline...
The Ouko-led committee is also mandated to establish clear criteria for verifying pending bills and identifying fraudulent claims, corruption, or fals...
To curb these losses, Mbadi revealed that the government has adopted a zero-based budgeting approach, requiring justification for every expenditure in...
MPs have raised concerns that the government lacks full control over eCitizen, relying on a private vendor for 18 critical functions. They argue that...
Counties with the highest amounts of unspent funds include Kisii, which has Sh3.46 billion sitting idle in the CRF account, while its development fund...
The supplementary budget, tabled in the National Assembly, increases Kenya's total budget for the financial year ending June to Sh3.56 trillion from S...
With revenue collection falling short of expectations, Treasury's decision to review its budget projections for the 2025-2026 fiscal year reflects the...
The widening gap between revenue and spending means the fiscal deficit is expected to rise to 5.7 per cent of GDP in 2025-26.
Despite these changes, no expenditure cuts have been announced for the current fiscal year, raising concerns that the budget deficit could increase by...
The mounting pending bills, compounded by the high cost of borrowing, have caused a severe cash flow crisis for private firms, particularly MSMEs.
Treasury Cabinet Secretary John Mbadi on Monday acknowledged the significant impact of the outage on the country's revenue collections.
The CS emphasised that there was no cause for alarm, adding that he had already initiated measures to ensure the continuity of health programmes that...
Concerns over taxation deepened this week after the National Social Security Fund (NSSF) announced a six per cent increase in contributions, with empl...
The extension follows revelations that the taskforce, chaired by former Auditor General Edward Ouko, has cleared pending bills amounting to Sh206 bill...
The CS said that the total pending bills, currently estimated at Sh663 billion, could potentially decrease to around Sh450 billion after a full verifi...
Mbadi outlined the measure in a circular to chief executives of State corporations, emphasising that defaulting entities will also be denied governmen...
CS Mbadi has issued a stern warning to parastatals, revealing that some regulatory authorities have been circumventing rules by using surpluses in the...
Kenya’s debt service costs on external debt more than doubled in 2023, rising from Sh403 billion to Sh839 billion. This sharp increase was attributed...
